U.S. indices are down in premarket trading as Wall Street’s record-breaking rally appeared to lose some steam despite strong quarterly performances from high-profile companies

Inflation is falling, productivity is rising, and the Fed is likely to cut rates, but forecasters warn not to assume that means stocks keep rising.

OpenAI introduced its conversational intelligence application ChatGPT in November 2022. Since then, artificial intelligence (AI) has become one of the hottest investment themes on Wall Street, and AI stocks Super Micro Computer (NASDAQ: SMCI) and Nvidia (NASDAQ: NVDA) have been the best-performing members of the S&P 500 (SNPINDEX: ^GSPC).

U.S. stocks are pulling back from their all-time highs as some of the steam comes out of Wall Street’s long, record-breaking rally.

Strategists said they changed their price target after a meeting with Huang. The Nvidia CEO spoke of the company's advantage over other chipmakers, and the bank said that Nvidia's "competitive moat" is built on the firm's installed base, its innovation, and its "robust and growing" software offerings.

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U.S. stocks are drifting around their records following the latest signals that the U.S. economy continues to hum.

Nvidia (NVDA) closed at a record high Monday as Wall Street anticipates Big Tech’s earnings report in November.

Key Takeaways Nvidia shares closed at a fresh high Monday, just a week after the stock set its previous record.The gains came as analysts grew more bullish on stock, expecting it has further to rise.Bank of America raised its price target late last week,